Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The management of Le Monde, the French Newspaper has announced a restructuring plan that will result on the one hand in the loss of 130 jobs, and on the other hand in the closure of the loss-making subsidiaries, Fleurus Presse, the Editions de l'Etoile, the monthly Danser and the religious-specialized network of bookstores La Procure.
The job losses include direct dismissals. The editorial staff is the main group affected.
The management of the group thus aims to save a minimum of 15 million-euros up till 2010 to balance the finances of the newspaper, which had debts of 150 millions-euros in 2007.
During a general assembly, the Unions voted for a 24h-strike on the 14. April. This is only the third such threat in the history of the newspaper (though the two first were suspended).
Eurofound (2008), Le Monde, Internal restructuring in France, factsheet number 66493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66493.